“I Am Egyptian..”

I received the following email from Talaat Pasha, Ph.D., a fellow professor.  I think it rather concisely explains why the Egyptian people have arisen to change their government. Dear American fellow people,I am Egyptian. I have been ruled by the state of emergency for thirty (30)years, yes 30 years. 40% of my people live under … Continue reading “I Am Egyptian..”

Tax Cuts Do Not Increase Labor Supply

A central tenet of U.S. "conservative" and Republican economic policy since at least the election of Reagan in 1980 is that tax cuts cause people to work more and longer hours. This is part of the so-called "supply side economics".  The implication is that the longer hours and more labor supply will then raise the … Continue reading Tax Cuts Do Not Increase Labor Supply